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Manorama Industries Ltd
| Statement of Standalone Audited Results for the Quarter and Year Ended 31st March, 2026
Report Source
⬤11th May 26
Summary : Manorama Industries reported strong FY26 financial growth, declared a dividend, and plans international expansion into Burkina Faso.
Quarterly Report Analysis & Insights
Financial Disclosures
- Cost of Materials Consumed (Standalone): Rs. 88,594.91 lacs (FY26).
- Employee Benefits Expenses (Standalone): Rs. 6,130.52 lacs (FY26).
- Finance Cost (Standalone): Rs. 3,754.87 lacs (FY26).
- Depreciation and Amortisation Expenses (Standalone): Rs. 2,555.76 lacs (FY26).
- Standalone Revenue from Operations: Rs. 135,769.73 lacs (FY26).
- Consolidated Revenue from Operations: Rs. 136,673.89 lacs (FY26).
- Other Income (Standalone): Rs. 1,135.52 lacs (FY26).
- Other Income (Consolidated): Rs. 1,035.32 lacs (FY26).
- Standalone Net Cash from Operating Activities: Rs. 25,936.87 lacs (FY26).
- Consolidated Net Cash from Operating Activities: Rs. 25,041.77 lacs (FY26).
- Standalone Net Cash from Investing Activities: (Rs. 8,724.53) lacs (FY26).
- Consolidated Net Cash from Investing Activities: (Rs. 7,822.56) lacs (FY26).
- Standalone Net Cash from Financing Activities: (Rs. 16,517.84) lacs (FY26).
- Consolidated Net Cash from Financing Activities: (Rs. 16,490.39) lacs (FY26).
- Standalone Cash and Cash Equivalents at year end: Rs. 743.08 lacs (FY26).
- Consolidated Cash and Cash Equivalents at year end: Rs. 994.05 lacs (FY26).
- Standalone Total Assets: Rs. 120,050.14 lacs (FY26).
- Consolidated Total Assets: Rs. 118,952.97 lacs (FY26).
- Standalone Other Equity: Rs. 68,291.95 lacs (FY26).
- Consolidated Other Equity: Rs. 66,020.96 lacs (FY26).
- Standalone Current Liabilities: Rs. 46,149.43 lacs (FY26).
- Consolidated Current Liabilities: Rs. 47,323.25 lacs (FY26).
- Taang Kaam Industries SA is a wholly-owned subsidiary.
- Both standalone and consolidated financial results are presented and audited.
Corporate Overview
- Operates and controls business activities within/from India, except export of goods.
- Expanding operations to Burkina Faso with a new processing factory.
- Manufacturing of exotic seed-based fats and butters, including Cocoa Butter Equivalent (CBE).
- Factual and compliance-focused, reporting on board decisions and financial results.
- Single identifiable segment: Manufacturing of exotic seed-based fats and butters.
- Setting up a processing factory in Burkina Faso through wholly-owned subsidiary Taang Kaam Industries SA.
- Financial assistance up to Rs. 150 Crore for equity investment.
- Financial assistance up to Rs. 100 Crore for unsecured loans and/or guarantees.
Risk Factors
- Foreign currency fluctuation impacts other income.
- Execution risks for Burkina Faso project.
- Reliance on external financing for expansion.
- Increased borrowings for business growth.
Key Drivers
- New processing factory in Burkina Faso.
- Consistent dividend of Rs. 0.80 declared.
- Unqualified audit opinion for financial year.
- Strong revenue and profit growth.
Auditor’s Report
- Unmodified (unqualified) opinion on standalone and consolidated financial results for FY 2025-26.
Board Commentary
- Re-appointment of CLA Indus Value Consulting Private Limited as Internal Auditors for FY 2026-27.
- Re-appointment of M/s. S N & Co. as Cost Auditors for FY 2026-27.
- Recommended final dividend of Rs. 0.80 per equity share (40% of face value) for FY 2025-26.
- Dividend payable within 30 days from Annual General Meeting approval.
- No legal or regulatory issues reported; compliance with SEBI Listing Regulations confirmed.
- Approved financial support for a processing factory in Burkina Faso.
- Commitment includes equity, unsecured loans, and/or guarantees up to Rs. 250 Crore.
Corporate Governance
- Auditors confirmed compliance with ethical requirements and independence.
- Audit Committee reviewed and approved financial results.
Management Discussion & Analysis
Future Strategy
- International expansion by establishing a processing factory in Burkina Faso.
Operational Focus Areas
- Financing and establishing the new processing factory in Burkina Faso.
Performance Drivers
- Strong growth in revenue and net profit for FY2025-26.
Critical Risks
- Foreign currency fluctuation impacting other income.
- Execution risks associated with international expansion projects.